Things That a Firm Owns That Are Worth Something Are

question 270

Multiple Choice

Things that a firm owns that are worth something are classified as

• A) liabilities.
• B) assets.
• C) deposits.
• D) net worth.

Understand how to modify text and object properties to highlight important information.

Comprehend the strategies for managing file versions and saving presentations effectively.

Identify and utilize the various tabs and tools in the ribbon for editing and formatting presentations.

Understand and select appropriate slide layouts for different types of information and presentation structures.

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Definitions:

Collection Float

The time period between when a payment is made by a customer and when the funds become available to the recipient.

Cheques

Financial instruments that instruct a bank to pay a specific amount of money from a person's account to another individual or entity.

Processed

Refers to items or data that have been altered, refined, analyzed, or prepared through a series of actions for a specific use or purpose.

Disbursement Float

The time lag between when a check is issued and when the funds are actually withdrawn from the issuer’s account.